Why we work with PayPal . . .
Many of our customers and partners have asked why we built our credit card feature with PayPal as the only transaction processor. We believe PayPal has created the safest, easiest-to-use, and most cost effective platform for businesses and individuals to send and receive money. Accordingly, it is our belief that this method of electronic money exchange will become a widespread phenomenon over the coming years. PayPal is now a subsidiary of e-commerce leader, eBay (NASD: EBAY).
- PayPal offers one of the safest platforms for online commerce with fraud rates at a fraction of those of typical e-commerce offerings.
- PayPal offers ease and flexibility, accepting all major credit cards (Visa, Mastercard, Discover, and American Express), as well as all major debit cards and direct transfers.
- PayPal offers low merchant rates with no set up or recurring costs.
- Financially, PayPal has shown tremendous business fundamentals.
- PayPal successfully completes over 1,000,000 transactions per day with over 70 million active accounts in 190 markets worldwide in 17 currencies.
- PayPal is processing over $30 million in payments per day and has transacted over $20 billion in total payments since launching in 1999.
- While virtually all technology companies have languished in these difficult economic times, PayPal has shown tremendous growth.
- PayPal, and its parent company, eBay (NASD: EBAY), are both profitable.
We have chosen to build our business on PayPal given this company's phenomenal success and achievements. We hope you can share our confidence here as well.